Exemption u/s 35AC – Amendments in Notification no. SO 1237(E), dated the October 28, 2003 - projects of 'Construction of school and dispensary buildings, integrated development of the poor and marginalised in Trikkadavoor' by Chooravilla Joseph Development Foundation, Bang.

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....74/08/2008] dated 4-6-2008 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number SO 1237(E), dated the October 28, 2003, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 1, 'Construction of school and dispensary buildings, purchase of fur....

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.... sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for extending the said project or scheme for a further period of three years; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby notifies the scheme or project 'Construction of school and dispen....